Detroit: Don't Sell on May and Go Away

By

Liam Denning

June 6, 2011

America's automotive sector fell through the looking glass in May. Will it find wonderland by the end of the year?

The seasonally adjusted annual rate, or SAAR, for light vehicle sales plunged in May to 11.8 million units, the lowest for nine months. After the initial shock—and shares of both Ford Motor and General Motors were clobbered—investors still had to digest some real oddities. Chrysler, convalescing under the care of Italy's Fiat, bested Toyota Motor to take the number three slot in terms of market share for the...